Episode 66: Canada’s “Good News” Jobs Report Is a Lie

Canada’s unemployment rate just fell to 6.5% and 54,000 jobs were “added” — but does it actually feel like the economy is improving? In this episode, Alex & Alex break down why they’re calling it Overreaction Friday. They dig into the bond market’s response, what a third of Canadian mortgages renewing in 2026 really means for homeowners, falling condo prices in Vancouver and Toronto, rent trends across Canada, and why more developers are going into creditor protection.

They also cover public sector downsizing, the permanent closure of a major BC pulp mill, Canada’s first free grocery store in Saskatchewan, and the latest mergers in the banking world (EQ Bank, PC Financial, B2B Bank, Fairstone). If you’re trying to make sense of scary headlines without falling for clickbait, this one’s for you.

Podcast Social Links:
Website: https://canadianmortgageshow.com/
Instagram: https://www.instagram.com/canadianmortgageshow/
Facebook: https://www.facebook.com/canadianmortgageshow/

Follow Our Hosts:
Alex Pang 
Tiktok: https://www.tiktok.com/@alexpangmortgage/
Instagram: https://www.instagram.com/alexpangmortgage/

Alex Shanks 
Tiktok: https://www.tiktok.com/@mortgagemanagement/
Instagram: https://www.instagram.com/alexshanksmortgagemanagement/